Updated Dec 21, 2023
Davis Design/Development Sells Multifamily Property In Somerville, MA For $4.75M
9 Aldersey Street, Somerville, MA 02143, USA
$4,750,000
$1,369/SF
Building Size
3,468 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
About this deal
AI
A multifamily property located at 9 Aldersey St in Somerville, MA has been sold. The transaction took place on October 25, 2021. The property spans 3,468 square feet and was sold for $4,750,000, resulting in a price per square foot of $1,370.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,750,000
- Address: 9 Aldersey St, Somerville, MA
- Square Footage: 3,468
- Price Per Square Foot: $1,370
- Market: Somerville, MA
The sale of this multifamily property was facilitated by Jean Tepaske of Davis Design / Development.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93